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Topic: I have NEVER seen Bitcoin in such a sorry state as this!! - page 9. (Read 1763 times)

legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Good luck. It's so obvious that you have no experience and because some issues you think it's the end of the world. Unconfirmed transaction is also something that could be solved. Bitcoin cash has no future, it's just temporary that it "got wings".
Anyway, it's your decision and you can't do whatever you want. I always say to everyone who is complaining if you don't like Bitcoin don't use it, no one is forcing you to do that.
member
Activity: 83
Merit: 10
I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community Smiley

Well that was me... the year before last... and then last year... and now it's become apparent to me that they are not going to "fix" this problem.  Actually, they don't even think it is a problem.  Ask Core and they will tell you higher and higher fees are a feature not a bug.  Bitcoin (well BTC) is pricing itself out of existence as we type... 278,000 unconfirmed transactions and rising fast.

You might be right, but at the latest if people are switching to altcoins and price of bitcoin will drop over a long period of time, than these people will rethink their decision..
Bitcoin must adapt over time like everything else - only the strong survives!

By the way - it's a great time to buy bitcoin Smiley
legendary
Activity: 1918
Merit: 1759
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"



I guess you know miners can mine any of the Bitcoin forked coin with standard SHA-256 machine. Currently BCH is extremely profitable to mine due to its price rise. Miners are getting huge rewards in term of USD. So most of them moved to BCH at the moment.
But this is short lived and BCH will decline again. Once it decline, miner will again come back to BTC and fees will again stabilize around 0.0005 BTC.
full member
Activity: 214
Merit: 101
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This is happening way too often. The whole "BTC is better than normal currency" is starting to look like a gimmick. Functionally it doesn't work at all. Needs a lot more work on conformation times and transaction costs.
member
Activity: 266
Merit: 10
it has actually become somethings else this days ,transactions are been hailed for hours some times not confirmed i pray all should be well because investors are going to clean up there tears with handkerchief  of tears of loss.
member
Activity: 120
Merit: 10
Riding Whales to the Moon!
I don't think those tards had ever expected Bitcoin to hit the 15 k neither right? Why let this get to you? Don't you think this is just one other dip? Or even the price stabilizing after the all time high? I think its only natural, just HODL a little longer maybe it will go up again anytime soon!
newbie
Activity: 32
Merit: 0
I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community Smiley

Well that was me... the year before last... and then last year... and now it's become apparent to me that they are not going to "fix" this problem.  Actually, they don't even think it is a problem.  Ask Core and they will tell you higher and higher fees are a feature not a bug.  Bitcoin (well BTC) is pricing itself out of existence as we type... 278,000 unconfirmed transactions and rising fast.
newbie
Activity: 14
Merit: 0
The high transaction fees is why I switched to altcoins
member
Activity: 83
Merit: 10
I don't understand people complaining about bitcoin and its technology..
For sure, I'm also unhappy with high fees and long transaction time.
BUT: I really believe that, these problems are problems which can be easily solved with Segwit, Lightning protocol and similiar technology.
And this updates will come - earlier or later!
So don't be unpatient and trust the bitcoin dev community Smiley
legendary
Activity: 2912
Merit: 6403
Blackjack.fun

Bitcoin has gone from being an expensive network to use to a practically unusable network.  

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  


How abaut you use some logic....

Since your fees are not getting your tx confirmed it means some people are paying even higher fees to move their coins.
This means people still use their coins, if they would all just move their coins to sell them this queue would have been over in less than two days.

Now, since the blocks are full it means there is still usage so obviously you can't claim BTC is unusable.

And good luck with your altcoins.
The ETH blockchain has hit 500GB already.


newbie
Activity: 45
Merit: 0
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"



OP, did you end up cashing out? I'm curious, since I also cashed out around ~$15K/BTC and put some capital into a few altcoins.
full member
Activity: 238
Merit: 109
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"



Very well said
newbie
Activity: 56
Merit: 0
That is why the price is decreasing like crazy. Also seems a platform was being hacked. Cash flow are going into altcoins
what platform was hacked ?by who?
newbie
Activity: 32
Merit: 0
Whatever you say Mr. Ver.

See ya.


I am not Roger but I will tell him that you say hi.  I will be taking the coins and hash power with me too...  

Enjoy your useless Blockstream/Mellon Coins while you still can.   Grin
newbie
Activity: 14
Merit: 0
I am also moving my BTC into the spot where I can put it safe temporarily. due to the high fees it is no joke to make transaction of 6 USD with a 35USD fee.. looks like the core dev is mentioning or promising the thunder network I seen into their blockchain website but it has no update in github since looks like they are fooling us. and maybe it is connected into the news that bitcoin is near its perfection of 25kUSD but I wont risk for that. That perfection they say might be a great demise of the network. So I am with the one with the topic initiator. Bitcoin network now is a monster devourer of high fees..
newbie
Activity: 32
Merit: 0
dont let the door hit you on the way out

I was a Bitcoin advocate when you were nothing but a n00b nocoiner so why not stfu?  I will be going over to Satoshi's original Bitcoin.

The door will hit ME on the way out before YOU join the stampeed for the exit a$$hole.

You don't have to go on the attacking mode because he was just expressing an opinion based on the position you have already taken. I don't think you expect that we should beg you to stay? Its a free market where everyone is allowed free exit and entry and if you choose to go for the latter, we can only wish you well which is exactly what he did to the best of his knowledge. Aside that, I don't think you should create a new account just to tell us about your exit strategy.

Well it is people like him and his arrogance ie, "BTC is the one and only crypto" who have really ruined Bitcoin and its orignal intention (sorry it is not and that is a fact not an opinion).  Sorry I dont follow you... create a new account?  This is the same account I've had for a long time.
newbie
Activity: 6
Merit: 3
Not a crash, just funds switched cryptos from BTC to alts
15-35% drops are regular in BTC
This one wasn't because of a single reason like last few, more of a mix of reasons from different countries
Assumption is US tax reform taking attention this week, S. Korea moving majority volume to Ripple, & positive Ripple new  alts trail BTC usually, but they also do the opposite of BTC when it dips
Cause people don't withdraw their money from BTC to fiat, they just switch it into another coin
Really you just have to watch what Bithumb, Bitfinex & GDAX trends are for where the money is flowing
member
Activity: 126
Merit: 12
Several transactions of mine have gone with 0 confirmations in the past several days.  And some of those I was paying 1.5X or 2X the recommended fees.  Nothing.  Nada.  Zilch.

Bitcoin has gone from being an expensive network to use to a practically unusable network.  I was defending Bitcoin against millions of tards back in 2011 and 2012.  Are they going to have the last laugh on me now?  It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work".  Umm... NO IT IS NOT .

I have ZERO confidence left in Core and their "developers".  Their network can't handle the slightest bit of volume without totally seizing up.  And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system??  Really??  You can't do your job properly so you want people to run a tab in BTC??  You saw this coming from 10 miles away and did nothing about it.  Stupid or malicious?... you decide.

I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations".  And not throw out "but but centralization!!" juvenile red herrings!

Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"



Likewise. Worst state I've ever seen bitcoin in. Looks like it's trying to set new records for highest transaction fee recorded. They did nothing to improve the network to handle all these new users that flocked up.

Been using bitcoin since it was worth 90$ per 1 btc and never have I waited so long to get a simple confirmation of my transfer. Which used to happen in the 1st few minutes with a couple of cents worth of fee's. That's what bitcoin used to be.

full member
Activity: 462
Merit: 115
Whatever you say Mr. Ver.

See ya.
sr. member
Activity: 476
Merit: 254
dont let the door hit you on the way out

I was a Bitcoin advocate when you were nothing but a n00b nocoiner so why not stfu?  I will be going over to Satoshi's original Bitcoin.

The door will hit ME on the way out before YOU join the stampeed for the exit a$$hole.

You don't have to go on the attacking mode because he was just expressing an opinion based on the position you have already taken. I don't think you expect that we should beg you to stay? Its a free market where everyone is allowed free exit and entry and if you choose to go for the latter, we can only wish you well which is exactly what he did to the best of his knowledge. Aside that, I don't think you should create a new account just to tell us about your exit strategy.
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